What is a Solar Battery and Is it Worth the Money?

With the rising cost of energy today, we have our homes equipped with energy-efficient appliances and products. Even small products like light bulbs are more efficient because we now have LED bulbs that can operate on lower energy settings without compromising functionality. Some households even have energy-saving devices installed.

Many Australian households are considering renewable energy solutions due to the increasing electricity costs.

Many Australian households are considering renewable energy solutions due to the increasing electricity costs. Solar storage is a primary alternative to power from the grid. But this is yet to be proven effective in saving money because every household has different energy requirements. This article shows you some points to consider before installing a solar battery. If you have never used a solar battery, you might not know what to expect. So, here are some things you need to know.

There are a lot of solar storage retailers in Australia that will give you a wide range of products to choose from. Units come in different sizes, price, and efficiency.

How much do they cost?

The biggest hindrance in the growth of the solar storage market is the cost of the units. The prices of these batteries depend on the storage size, which range from $1000 – $2000 per kWh capacity. A solar panel system can cost from $2000 – $12000 depending on the size. A basic solar storage unit of 4kWh is around $6000 – $8000.

Aside from the unit, you will also pay for a compatible inverter, and the installation cost, which will definitely set you back a serious amount of money, not to mention the complexity of the installation. This is why most solar companies give quotations so you can have an idea of what you’ll be spending.

What about the size of the solar battery that I will need?

Solar storage systems come in different sizes to support different needs. Most solar batteries on lower price range may not be enough to suit your electricity demands. Keep in mind that the larger the battery, the more expensive it will be so purchase the system that you think you only need.

Battery efficiency is also a consideration. It refers to how much energy is stored and converted to usable electricity. The technology today hasn’t yet perfected the efficiency of solar batteries. However, some models are more efficient than others.

How long will the storage battery last?

The lifespan is measured in cycles, which refer to filling and emptying of the battery with electricity. Usually it is one cycle a day, so durability depends on how many cycles a battery can process.

Do you have other ideas on solar battery and energy-saving devices? Share your insights in the comments section.

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We have assembled practical information to help Australians young and old with saving tips and tools. Information for people starting out, approaches to your kids’ education in your 40’s, and when to start thinking about retirement planning.